Eni's shares fall over potential Italian tax

The share of the Italian oil and gas company Eni declined for the fifth consecutive time due to concerns that the government may impose a special tax on the profits of energy companies in Italy, aimed at funding a reduction in fuel prices amid market disruptions caused by tensions in the Gulf region and the war between the United States and Iran. The stock fell by 0.7% on Thursday at the Milan Stock Exchange, while fears grew over the impact on local energy companies. Meanwhile, the coalition government remains divided over the proposed tax, as Italy plans to discuss mechanisms for taxing company profits resulting from market disruptions. This comes as part of the government's efforts to lower fuel costs by extending the reduction in fees and implementing targeted measures for low-income households, amidst ongoing uncertainty in the global energy market.

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